+- CSNbbs (https://csnbbs.com)
+-- Forum: Active Boards (/forum-769.html)
+--- Forum: Lounge (/forum-564.html)
+---- Forum: College Sports and Conference Realignment (/forum-637.html)
+---- Thread: OT:Kentucky's Financial Crises Strikes At Colleges and Universities (/thread-771042.html)
Pages: 1 2
OT:Kentucky's Financial Crises Strikes At Colleges and Universities - DavidSt - 02-19-2016 05:58 PM
http://www.kentucky.com/latest-news/article61082337.html
It seems to be almost exactly the same as Louisiana. Kentucky's Governor cut the budget to education strikes at all the colleges of universities which could lead to either a hike in tuition and lay off of staff at the colleges and universities. Some schools like Kentucky State could be forced to shut down. So, Kentucky schools feel the pain as those in Louisiana right now.
RE: OT:Kentucky's Financial Crises Strikes At Colleges and Universities - JRsec - 02-19-2016 06:29 PM
(02-19-2016 05:58 PM)DavidSt Wrote: http://www.kentucky.com/latest-news/article61082337.html
It seems to be almost exactly the same as Louisiana. Kentucky's Governor cut the budget to education strikes at all the colleges of universities which could lead to either a hike in tuition and lay off of staff at the colleges and universities. Some schools like Kentucky State could be forced to shut down. So, Kentucky schools feel the pain as those in Louisiana right now.
I talked about these kinds of cuts being the coming norm 2 years ago here and it was poo pooed as being unrealistic. The truth is the country owes 19 Trillion. There is a reason all of these schools who have remained static and locally focused have been vulnerable to the lure of TV money for realignment and why so many smaller schools have ginned up the athletic spending in the last few years. They are competing now for funding where ever they can find it. Sports media is one of those places.
Eventually even the Federal Grant money is going to get curtailed (not eliminated but cut).
The article you linked is talking more about cuts to the Vocational / Technical schools and to teaching colleges. It is going to eventually affect schools like Kentucky, just as those things happening now in Louisiana will eventually impact L.S.U.. But suffice it to say the war within the pecking order for State and Federal funding has begun.
RE: OT:Kentucky's Financial Crises Strikes At Colleges and Universities - HeartOfDixie - 02-19-2016 06:34 PM
There is no more money...
Like JR said, and I've been saying for a very long time, when the Federal loan dollars dry up there will be utter panic and collapse. Primarily because those Federal loan dollars have been the crutch by which most schools have gotten down the path without being eaten by their wolf creditors.
In the not so distant future there will be a bloodbath. The primary schools in each state will weather the storm with deep scars but regional schools will be gutted.
It's a bubble and a correction is, of course, coming. The state budget crisis in these states are only the proverbial pin that will pop the bubble.
RE: OT:Kentucky's Financial Crises Strikes At Colleges and Universities - JRsec - 02-19-2016 06:43 PM
(02-19-2016 06:34 PM)HeartOfDixie Wrote: There is no more money...
Like JR said, and I've been saying for a very long time, when the Federal loan dollars dry up there will be utter panic and collapse. Primarily because those Federal loan dollars have been the crutch by which most schools have gotten down the path without being eaten by their wolf creditors.
In the not so distant future there will be a bloodbath. The primary schools in each state will weather the storm with deep scars but regional schools will be gutted.
It's a bubble and a correction is, of course, coming. The state budget crisis in these states are only the proverbial pin that will pop the bubble.
Hear! Hear!
RE: OT:Kentucky's Financial Crises Strikes At Colleges and Universities - Pony94 - 02-19-2016 06:48 PM
SMU started making cuts 2 years ago
http://www.dallasnews.com/news/community-news/park-cities/headlines/20141204-smu-plans-layoffs-other-changes-to-cut-35-million.ece
RE: OT:Kentucky's Financial Crises Strikes At Colleges and Universities - ken d - 02-19-2016 06:57 PM
I wouldn't be surprised to eventually see a 20% reduction in the number of students in our four year colleges and universities. I've been trying to articulate reasons why that's a bad thing, but all I can come up with is that it's going to be hard for our economy to come up with jobs for all these people without laying off a bunch of people 55 or older.
But if our schools are just warehouses to store unneeded workers, maybe closing some of them is the best of a crop of undesirable choices.
RE: OT:Kentucky's Financial Crises Strikes At Colleges and Universities - Soobahk40050 - 02-19-2016 07:24 PM
(02-19-2016 06:57 PM)ken d Wrote: I wouldn't be surprised to eventually see a 20% reduction in the number of students in our four year colleges and universities. I've been trying to articulate reasons why that's a bad thing, but all I can come up with is that it's going to be hard for our economy to come up with jobs for all these people without laying off a bunch of people 55 or older.
But if our schools are just warehouses to store unneeded workers, maybe closing some of them is the best of a crop of undesirable choices.
This may be too political but I think this is a good thing. Not everyone needs to go to college. More selective schools means those less likely to succeed don't get in and/or go to vocational schools at the high school level. Then onlythose who will eventually pay it off will have loans. Those who didn't go to college learn masonry, mechanics, etc and have great sources of income. I don't know that college was ever supposed to be for everyone, as it is, the college degree is what the diploma used to be. Masters level now is the pasts college degree.
RE: OT:Kentucky's Financial Crises Strikes At Colleges and Universities - HeartOfDixie - 02-19-2016 07:32 PM
(02-19-2016 06:57 PM)ken d Wrote: I wouldn't be surprised to eventually see a 20% reduction in the number of students in our four year colleges and universities. I've been trying to articulate reasons why that's a bad thing, but all I can come up with is that it's going to be hard for our economy to come up with jobs for all these people without laying off a bunch of people 55 or older.
But if our schools are just warehouses to store unneeded workers, maybe closing some of them is the best of a crop of undesirable choices.
I think we could see that number rise to closer to 40%, or even more.
OT:Kentucky's Financial Crises Strikes At Colleges and Universities - chargeradio - 02-19-2016 07:41 PM
Given the unusual distribution of Kentucky's population, if I were going to make cuts, I'd close EKU and KSU. EKU and KSU are basically both 30 minutes from UK. UK can run Richmond and Frankfort extension centers, without the need for additional administrative staff, athletics departments, and the like.
Let NKU start FCS football to keep from displacing too many of EKU's and KSU's players, and take EKU's spot in the OVC.
RE: OT:Kentucky's Financial Crises Strikes At Colleges and Universities - Tom in Lazybrook - 02-19-2016 07:51 PM
I'm afraid this is going to go down like this.
---
First, they're not going to make the 1950's residential model schools pay their own way. These schools, largely attended by wealthier students that are far more likely to attend college, will be protected at the expense of schools that are accessible to the public.
At first, they'll go after the rural residential schools. FBS/FCS/D1 schools that are probably in more danger than others.
Morehead, WKU, EKU, Murray State, Northwestern State, Nichols State, are probably first on the chopping block.
---
From a political standpoint, damaging large public schools in states' major urban areas is a recipe for extreme political problems. So they'll hit the rural schools first.
---
Its sad because what the states should be doing is either reversing the unsustainable tax cuts that caused this mess in the first place or hitting the schools and students best able to weather funding cuts....the large flagship schools. These students tend to be wealthier and more likely to attend college than a student in Morehead's cachement area.
RE: OT:Kentucky's Financial Crises Strikes At Colleges and Universities - NoDak - 02-19-2016 08:04 PM
Kentucky schools can increase tuition by 9% and avert a crisis. Nine percent is practically the average rate of increase for secondary education the past two decades.
Illinois and Louisiana are states to watch, as those governments have politically intractable problems.
RE: OT:Kentucky's Financial Crises Strikes At Colleges and Universities - Carolina_Low_Country - 02-19-2016 08:37 PM
To be honest North Carolina needs to cut Western, UNCP, Fay State, Elizabeth City State, NC Central (or merge with NC State) and merge UNCG and NC A&T
RE: OT:Kentucky's Financial Crises Strikes At Colleges and Universities - Carolina_Low_Country - 02-19-2016 08:39 PM
UNC Chapel Hill
NC State
East Carolina
UNC Charlotte
Appalachian State
UNC Wilmington
NC A&T/UNCG
UNC Asheville
Are all our state needs that's plenty. Cut overhead and at more students for each.
RE: OT:Kentucky's Financial Crises Strikes At Colleges and Universities - jaredf29 - 02-19-2016 08:45 PM
(02-19-2016 06:29 PM)JRsec Wrote:(02-19-2016 05:58 PM)DavidSt Wrote: http://www.kentucky.com/latest-news/article61082337.html
It seems to be almost exactly the same as Louisiana. Kentucky's Governor cut the budget to education strikes at all the colleges of universities which could lead to either a hike in tuition and lay off of staff at the colleges and universities. Some schools like Kentucky State could be forced to shut down. So, Kentucky schools feel the pain as those in Louisiana right now.
I talked about these kinds of cuts being the coming norm 2 years ago here and it was poo pooed as being unrealistic. The truth is the country owes 19 Trillion. There is a reason all of these schools who have remained static and locally focused have been vulnerable to the lure of TV money for realignment and why so many smaller schools have ginned up the athletic spending in the last few years. They are competing now for funding where ever they can find it. Sports media is one of those places.
Eventually even the Federal Grant money is going to get curtailed (not eliminated but cut).
The article you linked is talking more about cuts to the Vocational / Technical schools and to teaching colleges. It is going to eventually affect schools like Kentucky, just as those things happening now in Louisiana will eventually impact L.S.U.. But suffice it to say the war within the pecking order for State and Federal funding has begun.
To your credit you did bring this up, we had a thread. I think what we're seeing is the beginning of the college bubble burst. I think what boggles my mind is that these schools can receive millions from the federal govt & sports revenues but somehow lose solvency. Who's in charge up there, Bernie Sanders? Only kidding
RE: OT:Kentucky's Financial Crises Strikes At Colleges and Universities - JRsec - 02-19-2016 09:13 PM
(02-19-2016 08:45 PM)jaredf29 Wrote:(02-19-2016 06:29 PM)JRsec Wrote:(02-19-2016 05:58 PM)DavidSt Wrote: http://www.kentucky.com/latest-news/article61082337.html
It seems to be almost exactly the same as Louisiana. Kentucky's Governor cut the budget to education strikes at all the colleges of universities which could lead to either a hike in tuition and lay off of staff at the colleges and universities. Some schools like Kentucky State could be forced to shut down. So, Kentucky schools feel the pain as those in Louisiana right now.
I talked about these kinds of cuts being the coming norm 2 years ago here and it was poo pooed as being unrealistic. The truth is the country owes 19 Trillion. There is a reason all of these schools who have remained static and locally focused have been vulnerable to the lure of TV money for realignment and why so many smaller schools have ginned up the athletic spending in the last few years. They are competing now for funding where ever they can find it. Sports media is one of those places.
Eventually even the Federal Grant money is going to get curtailed (not eliminated but cut).
The article you linked is talking more about cuts to the Vocational / Technical schools and to teaching colleges. It is going to eventually affect schools like Kentucky, just as those things happening now in Louisiana will eventually impact L.S.U.. But suffice it to say the war within the pecking order for State and Federal funding has begun.
To your credit you did bring this up, we had a thread. I think what we're seeing is the beginning of the college bubble burst. I think what boggles my mind is that these schools can receive millions from the federal govt & sports revenues but somehow lose solvency. Who's in charge up there, Bernie Sanders? Only kidding
I'm afraid that this bubble is just a small one that hints at the demise of much larger ones within business and government. A sub 10,000 Dow? It's possible, but over a protracted period of time. I don't think it will simply collapse but rather work its way down in spurts over a decade that leads into a stagnation that could last another 10 years before more static population trends begin to pick things up again. I'll likely be gone before anything picks up.
The problems are not just internal, they are global. Commodities however will likely increase in value, particularly those commodities necessary to sustain life.
The Pentagon didn't structure their long range 21st century plans to include the defense of potable water supplies for no good reason.
RE: OT:Kentucky's Financial Crises Strikes At Colleges and Universities - 58-56 - 02-19-2016 09:34 PM
(02-19-2016 07:41 PM)chargeradio Wrote: UK can run Richmond and Frankfort extension centers, without the need for additional administrative staff, athletics departments, and the like.
The massive expansion of admin staff is the greatest single controbutor to the higher ed cost explosion. They may not need additional staff, but they'll hire them all the same and destroy most of the savings.
Fire everyone with "associate dean/provost" or "vice president/provost" in their title and costs drop enormously while efficiency likely increases.
RE: OT:Kentucky's Financial Crises Strikes At Colleges and Universities - chargeradio - 02-19-2016 09:39 PM
(02-19-2016 09:34 PM)58-56 Wrote:Yes. UK would have to run it like it's another building on the Lexington campus, not like it's another division of the university.(02-19-2016 07:41 PM)chargeradio Wrote: UK can run Richmond and Frankfort extension centers, without the need for additional administrative staff, athletics departments, and the like.
The massive expansion of admin staff is the greatest single controbutor to the higher ed cost explosion. They may not need additional staff, but they'll hire them all the same and destroy most of the savings.
Fire everyone with "associate dean/provost" or "vice president/provost" in their title and costs drop enormously while efficiency likely increases.
RE: OT:Kentucky's Financial Crises Strikes At Colleges and Universities - Kittonhead - 02-19-2016 11:14 PM
Quote:Here’s some good news for parents putting their kids through college: Tuition and fees are rising at the slowest pace since the government began keeping track in the late 1970s.
Tuition climbed at a 3.1% rate from January 2015 to January 2016, marking the smallest 12-month increase ever recorded, according to the consumer price index.
Just five years ago, tuition was advancing twice as fast. And annual cost increases once briefly topped 10% in the early 2000s.
Colleges have been under intense pressure to rein in costs, especially after the Great Recession. High student debt has become a major political issue, with some lawmakers pushing policies to make college less expensive. Some proposals would also make colleges partly responsible for student debt.
http://www.marketwatch.com/story/college-tuition-rising-at-slowest-rate-ever-2016-02-19
The top of the college tuition market is already here.
Colleges in the last few years have begun to realize either they reduce the cost of attending their university or face the prospect of being left behind.
RE: OT:Kentucky's Financial Crises Strikes At Colleges and Universities - DavidSt - 02-19-2016 11:21 PM
Coaches and ADs are employees of the states as well. I think they could do some cut back in pay. The school Presidents and Administrations at the top of the schools could get a pay cut. These guys makes millions of dollars as well.
Plus with some schools being run poorly with lost money? You can see this happen.
One problem about Kentucky State? It is a HBCU school. There will be a blow back if you try to close that school down.
RE: OT:Kentucky's Financial Crises Strikes At Colleges and Universities - chargeradio - 02-19-2016 11:50 PM
(02-19-2016 11:21 PM)DavidSt Wrote: Coaches and ADs are employees of the states as well. I think they could do some cut back in pay. The school Presidents and Administrations at the top of the schools could get a pay cut. These guys makes millions of dollars as well.Kentucky has a much smaller black population than most southern states. Quite frankly, the University of Louisville has most of the interest of the black population in the Commonwealth, because most of the state's black population lives in Jefferson County.
Plus with some schools being run poorly with lost money? You can see this happen.
One problem about Kentucky State? It is a HBCU school. There will be a blow back if you try to close that school down.